13 May 2019
Global Small and Medium-Scale LNG carrier market, along with the global bunkering vessels market is expected to grow substantially over the coming decade as countries continue to move away from traditional fuels in an attempt to reduce their carbon footprints and achieve their Paris Agreement targets. Visiongain has forecasted that combined; these markets will experience investments of over $1 billion in the coming year.
Visiongain has launched a new energy report Small & Mid-Scaled LNGC & LNGBV Market Report 2019-2029 Forecasts by Small Scale LNG Carrier (CAPEX Analysis, Capacity Analysis); Medium Scale LNG Carrier (CAPEX Analysis, Capacity Analysis); LNG Bunker Vessel (CAPEX Analysis, Capacity Analysis), by Type (Ship-to-Ship (STS), Truck-to-Ship (TTS), Port-to-Ship (PTS), Ship-to-Shore (STS); Plus Financial Analysis of Leading Companies and Regional and Leading National Market Analysis.
This independent 208-page report guarantees you will remain better informed than your competitors. With 108 tables and figures examining the small and mid-scale LNG carrier and bunkering vessel market space, the report gives you a direct, detailed breakdown of the market. PLUS, Capital expenditure AND detail of all existing LNG Bunkering vessels and carriers, as well as tables outlining the LNG assets for each company where possible. This report will keep your knowledge that one step ahead of your rivals.
Natural gas can be transported from gas production centres to consumption centres in the form of liquefied natural gas (LNG) through ships and pipelines. Bunkering is the process of transferring the LNG, usually to a ship for use as fuel. LNG is becoming a far more popular fuel than traditional heavy ship fuel, due to its lower emissions and relative abundancy.
Small-scale LNG import terminals are the most economic option for such nations which have just started adopting LNG as a fuel in their respective industries. Several small nations are importing or planning to import LNG in small quantities specifically to cater to the feeling requirements of the power generation industry.
The Visiongain report analyst commented "As the globe transitions away from traditional fuels, and towards renewables, LNG is the obvious steppingstone in order to achieve this goal. Small and medium scale LNG carriers are far easier and more commercially viable for smaller companies and countries and allow them to reach fields which were previously economically unviable. With the growth of small and medium scale LNG will naturally come the requirement for bunkering as the carriers will require fuel intermittently. These markets are expected to see continuous demand growth for at least the next decade and more than likely beyond, until we can make renewable energy more suitable for modern grid networks."
Leading companies featured in the report who are working in the Small and Medium-Scale Liquefied Natural Gas (LNG) Carriers/ Bunkering Vessels industry are; Anthony Veder Group N.V., COSCO Shipping Energy Transportation Co., Ltd., Daewoo Shipbuilding & Marine Engineering, Eni Trading & Shipping, Hyproc Shipping Company, Hudong-Zhonghua Shipbuilding, Hyundai Heavy Industries, Kawasaki Heavy Industries, Linde Group, MISC Berhad, Mitsubishi Heavy Industries, Samsung Heavy Industries, Teekay Shipping Corporation
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As the globe transitions away from traditional fuels, and towards renewables, LNG is the obvious steppingstone in order to achieve this goal.